The Board is adopting a final rule that promotes U.S. financial stability by subjecting U.S. top-tier bank holding companies identified by the Board as global systemically important banking organizations (G-SIBs), the subsidiaries of any U.S. G-SIB, and the U.S. operations of any foreign G-SIB to restrictions regarding the terms of their non-cleared qualified financial contracts (QFCs). More... The final rule also amends certain definitions in the Board’s capital and liquidity rules; these amendments are intended to ensure that the regulatory capital and liquidity treatment of QFCs to which a covered entity is party is not affected by the final rule’s restrictions on such QFCs. The final rule is effective November 13, 2017 (Regulation Q at 3-2100 and Regulation WW at 3-3850, Docket R-1538) and was published in the Federal Register on September 12, 2017.

The Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, “the agencies”) jointly issued on October 23, 2017, Frequently Asked Questions on Implementation of the LCR Rule, to clarify certain aspects of the existing Liquidity Coverage Ratio (LCR) rule and modified LCR rules for supervised institutions and supervisory staff based on questions that the agencies have received since the rules were published. More... The LCR rule applies to bank holding companies, savings and loan holding companies without significant insurance or commercial operations, and state member banks with $250 billion or more in total assets or $10 billion or more in on-balance sheet foreign exposure and to these holding companies’ subsidiary depository institutions that have total consolidated assets of $10 billion or more. The modified LCR rule applies to bank holding companies and savings and loan holding companies without significant insurance or commercial operations that, in each case, have $50 billion or more in total consolidated assets but do not meet the thresholds stated above to be covered by the LCR rule. As the agencies issue additional frequently asked questions (FAQs) in response to questions received, the Board will periodically update the FAQs (Regulation WW, FAQs on LCR Rule at 3-4100).

The Board is adopting a final rule to promote U.S. financial stability by improving the resolvability and resilience of systemically important U.S. banking organizations and systemically important foreign banking organizations pursuant to section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). More... Under the final rule, any U.S. top-tier bank holding company identified by the Board as a G-SIB, the subsidiaries of any U.S. G-SIB (other than national banks, federal savings associations, state nonmember banks, and state savings associations), and the U.S. operations of any foreign G-SIB (other than national banks, federal savings associations, state nonmember banks, and state savings associations) would be subjected to restrictions regarding the terms of their non-cleared qualified financial contracts. First, a covered entity generally is required to ensure that QFCs to which it is party provide that any default rights and restrictions on the transfer of the QFCs are limited to the same extent as they would be under the Dodd-Frank Act and the Federal Deposit Insurance Act. Second, a covered entity generally is prohibited from being party to QFCs that would allow a QFC counterparty to exercise default rights against the covered entity, directly or indirectly, based on the entry into a resolution proceeding under the Dodd-Frank Act or Federal Deposit Insurance Act, or any other resolution proceeding, of an affiliate of the covered entity. The FDIC and the OCC are expected to issue final rules that would subject G-SIB subsidiaries for which the FDIC and the OCC are the appropriate federal banking agency to requirements substantively identical to those in this final rule. The final rule is effective November 13, 2017 (Regulation YY at 4-783, Docket R–1538) and was published in the Federal Register on September 12, 2017

The Board is finalizing its interim final rule amending its regulations for processing requests under the Freedom of Information Act (FOIA) pursuant to the FOIA Improvement Act of 2016. The amendments clarify and update procedures for requesting information from the Board, extend the deadline for administrative appeals, and add information on dispute resolution services. The interim final rule became effective on December 27, 2016. More... This rulemaking finalizes the interim rule with minor edits. The final rule is effective November 24, 2017 (Procedural and Organizational Rules, Rules Regarding Availability of Information at 8-190, Docket R-1556) and was published in the Federal Register on October 25, 2017.